Results of general meeting of Mvela Group shareholders Mvelaphanda Group Limited Incorporated in the Republic of South Africa Registration number: 1995/004153/06 Ordinary share code: MVG ISIN code: ZAE000060737 (“Mvela Group” or “the Company”) RESULTS OF GENERAL MEETING OF MVELA GROUP SHAREHOLDERS Defined terms used in this announcement shall have the meanings given to them in the circular posted to Mvela Group shareholders on Monday, 3 September 2012 ("the Circular"). 1. Introduction Mvela Group shareholders are referred to the Circular relating to: the granting of shareholder approval for the Batho Bonke Disposal which constitutes a disposal by Mvela Group in terms of section 115(2)(b) of the Companies Act as well as a Category 1 transaction in terms of the Listings Requirements; and the granting of shareholder approval for the proposed change of name of Mvelaphanda Group Limited to New Bond Capital Limited. 2. Results of the general meeting Mvela Group shareholders are advised that at the general meeting of shareholders held on Tuesday, 2 October 2012, the requisite majority of Mvela Group shareholders passed all the special resolutions and the ordinary resolution as set out in the notice of general meeting. 3. Outstanding conditions precedent Mvela Group shareholders are reminded that the Bathos Bonke Disposal is still subject to the fulfilment of the condition precedent that, to the extent required, the requisite contractual consents must have been obtained from (i) Batho Bonke’s funders in terms of funding agreements to which Batho Bonke is a party, for a certain number of Absa ordinary shares to be disposed of by Batho Bonke; and (ii) the two Absa entities which are shareholders in Batho Bonke, namely Gotswelela Proprietary Limited and the Trustees for the time being of the Absa HDSA Employees Trust in terms of the shareholders agreement in respect of Batho Bonke, for a certain number of Absa ordinary shares to be disposed of by Batho Bonke. Mvela Group shareholders will be advised on the fulfilment of all the conditions precedent to the Batho Bonke Disposal in due course. Melrose Arch 2 October 2012 Merchant bank and transaction sponsor Legal adviser Rand Merchant Bank, a division of FirstRand Webber Wentzel Bank Limited Sponsor PSG Capital Date: 02/10/2012 11:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.